An executor is responsible for many important duties in managing and distributing an estate. Failure to carry out those duties could potentially result in severe financial harm to an estate’s beneficiaries. In limited circumstances, an interested party can take action...
A power of attorney gives another person the right to make decisions for you. The person with this power is an agent. The agent is an incredibly important person because he or she has a lot of influence and ability in your life. You need to take the task of choosing...
When creating your estate plan, it is important to include documents that not only cover what happens after your death but also your end-of-life plans. You may end up in a situation where you need care but cannot make decisions for yourself. Luckily, there are legal...
Too often, people fall into the trap of crafting a comprehensive estate plan and then leaving it locked away in their safe deposit boxes for years and decades to come. In fact, individuals should review and revise this set of documents at regular intervals to ensure...
The deeper people in California get into the estate planning process, the more they recognize that there are a number of opportunities available to them to avoid certain expenses and retain assets for their beneficiaries. Examples of this include making plans to avoid...
It is crucial to have an estate plan ready in the event of your death, and a will plays an important role in it. But despite this, statistics show that the majority of Americans do not have any will or advanced directive. Instead, more people turn to the modern...
While many people do not like to think about what could happen should they become unable to make decisions for themselves, having a power of attorney is an essential part of good estate planning. Without proper documentation in place, you could run the risk of losing...
You probably already know that a last will and testament should play a significant role in your estate plan. Equally important is avoiding common mistakes when creating this essential document. According to AARP, it is easy to overlook certain things during will...
As part of estate planning, you created an advance medical directive so your loved ones know your desires regarding health care if you cannot make or voice your desires. Do you expect to change this legal document? Mayo Clinic describes circumstances that may...
Creating an estate plan is one of the most important things you will ever do, as well as one of the most personal. Your estate plan should reflect your values, wishes and needs. Therefore, there is no one estate plan that is ideal for everyone. Each should be unique...
